3. Terms of Liability Insurance

All required liability insurances will:

(a) ADDITIONAL INSUREDS: include Lessor, Owner, if different from Lessor,
 Initial Purchaser (but only for claims arising against Initial Purchaser
 solely as a result of Initial Purchaser being a party in the chain of
 title and where no act or omission of Initial Purchaser, its successors,
 assigns, officers, or employees, allegedly contributed to the event
 leading to indemnification requirement), and each of the other
 Indemnitees, as additional insureds (each an "Additional Insured") for
 their respective rights and interests, warranted, each as to itself only,
 no operational interest; however, no party shall be included as an
 Additional Insured in respect of its liability, if any, as Manufacturer,
 repairer, supplier or servicing agent of the Aircraft or any part thereof;

(b) SEVERABILITY: include a severability of interests clause which provides
 that the insurance, except for the limit of liability, will operate to
 give each insured the same protection as if there was a separate policy
 issued to each insured;

(c) PRIMARY POLICY: contain a provision confirming that the policy is primary
 without right of contribution, and the liability of the insurers will not
 be affected by any other insurance of which any Additional Insured may
 have the benefit so as to reduce the amount payable to the additional
 insureds under such policies;

4. Terms of All Insurances

All Insurances will:

(a) BEST INDUSTRY PRACTICE: be in accordance with normal industry practice of
 similar airlines operating similar aircraft in similar circumstances;

(b) DOLLARS: provide cover denominated in dollars and any other currencies
 which Lessor may reasonably require in relation to liability insurance;